NO.
in my country bitcoin is not legal, the government does not recognize bitcoin as legal payment.
but if will happen in my country i'm still pay taxes with Fiat Currency. Bitcoin just for the alternative online payment for me.
Topic: Should governments allow people to pay their taxes in Bitcoin BTC? - page 5. (Read 5534 times)
February 13, 2017, 02:31:17 AM
February 13, 2017, 02:04:25 AM
I think governments will not regulate allowing people to pay their taxes in bitcoin for now because they are not so fully aware on this, they are too busy on different situations. But if it will an option here in our country I would likely to pay my taxes with BTC.
February 13, 2017, 01:37:22 AM
Most governments don't even have clear policies and regulations regarding bitcoin and crypto currencies in general, how can we expect them to accept it as tax payment. And with the price of bitcoin fluctuating from time to time, the government would really have a hard time dealing with it. They have their own targets that they must hit and they can't depend on bitcoin in that regard.
in fact when the government are not ready to accept bitcoin as legal currency then how can they allow and can accept tax in bitcoin. i think thirst they need to consider bitcoin as legal currency and after that they can allow people that either they want to pay their tax in bitcoin or in fiat. but currently i do not think that government will be ready to accept bitcoin as legal currency but after some time they must be thinking about that. 
February 13, 2017, 01:20:22 AM
No!
I don't want to pay tax, as I want the destruction of all countries. About 40 million people in Europe are on benefits, if there were no governments to pay them, they would all die and Europe would be a far nicer place. Only the best shall survive. Countries are corrupting natural order, so I don't want to pay tax to destroy all countries and restore natural order. BTC will help towards that goal.
I don't want to pay tax, as I want the destruction of all countries. About 40 million people in Europe are on benefits, if there were no governments to pay them, they would all die and Europe would be a far nicer place. Only the best shall survive. Countries are corrupting natural order, so I don't want to pay tax to destroy all countries and restore natural order. BTC will help towards that goal.
Bitcoin rate may go up and may go down what happend if it goes high? and the taxes price changed to the currently rate of the bitcoin?
I voted NO.
I voted NO.
If government gives tax payment option through bitcoin, Why do we resist?
Tax would be beneficial for us if it was set in state laws. Which makes bitcoin up and down is a market, not a tax. We always hope that bitcoin is regulated, but refused taxed, it is not justified. Bitcoin will forever be an underground movement if all users reject government tax (live like Robin Hood).
I was going to go with my first reaction which was " CHILL out, maniac." But the Robin Hood reply was much more eloquent in delivery. That's all .
February 13, 2017, 01:10:30 AM
Most governments don't even have clear policies and regulations regarding bitcoin and crypto currencies in general, how can we expect them to accept it as tax payment. And with the price of bitcoin fluctuating from time to time, the government would really have a hard time dealing with it. They have their own targets that they must hit and they can't depend on bitcoin in that regard.
February 13, 2017, 12:43:32 AM
I already pay tax on the coins I convert to fiat via my exchange, because it is linked to my bank account. So they issue a tax certificate and they are linked to the IRS. You pay capital gains and also VAT on all your purchases, so I cannot see what else you have to pay on top of that?
The regulated exchanges have to adhere to KYC and AML regulations, so everything is accessible to the IRS.
The regulated exchanges have to adhere to KYC and AML regulations, so everything is accessible to the IRS.
February 12, 2017, 11:59:50 PM
If it was an option in your country, would you pay your taxes with Bitcoin?
Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?
I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC
Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?
I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC
at this point your question is like saying would you pay your taxes with gold!
bitcoin is more like an investment because of how its price is changing up all the time. and people when seeing this become reluctant to spend their valuable investment.
we need stability first, then regulation and then we think about payment.
February 12, 2017, 11:44:17 PM
What would you pay your taxes with a valuable currency like bitcoins. The reason for this is because most of us have purchased bitcoin so that when the price increases we get a profit. Bitcoin is a not a currency for heaven's sake. And also if there wasn't any bitcoin would you pay you tax using gold ?? No right..
February 12, 2017, 11:24:13 PM
I have already paid it in bitcoin. Don't get surprised but there is a tax called 'service tax' in my country which is levied on the consumers using taxable services.
When I buy or sell bitcoins using such service (For example Unocoin), they charge me 15% amount on the transaction fees on behalf of the government for the service of the exchange. So technically I have already paid my taxes in bitcoin.
* Reference : Unocoin Fee Structure.
When I buy or sell bitcoins using such service (For example Unocoin), they charge me 15% amount on the transaction fees on behalf of the government for the service of the exchange. So technically I have already paid my taxes in bitcoin.
* Reference : Unocoin Fee Structure.
February 12, 2017, 11:06:33 PM
If it was an option in your country, would you pay your taxes with Bitcoin?
Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?
I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC
Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?
I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC
Governments won't allow like this, if they do this then it would really mean that they accept already bitcoin in their government. Also i think government would never establish or launch this kind of rule. Since government won't accept bitcoin for taxes, maybe i will keep my bitcoins, and just use it buying things through online or you may replace your bitcoin to fiat to pay your taxes
February 12, 2017, 08:31:48 PM
Governments won't initiate steps to provide bitcoin as a payment for the taxes. Legal acceptance is a big factor that is more important when it gets used in a public service. Its better that someone could use it as a service paying government in the form of fiat getting payment in bitcoin.
February 12, 2017, 08:18:06 PM
bitoin mus be legal payment processor or legal currency before this is happening.
i think its something imposible to make goverment accept bitcoin.
i think its something imposible to make goverment accept bitcoin.
February 12, 2017, 08:14:18 PM
If you income comes from fiat money I see no point in paying with btc. On the other hand if you are earning bitcon it would be nice to use it in your daily life, such as paying taxes, and so would I. On the goverment's side, they would probably start toaccept it only once it get's less volatile and of course you can prove it's source. If I were a governor I would be eager to introduce it to my monetary system, more money means more taxes for me.
February 12, 2017, 10:39:58 AM
I dont think it will happen anytime soon. Each country has its own currency and doesnt allow its citizen to pay tax in any other currency. The same way I dont think thay will allow to pay the taxes in Bitcoins. It might happen in the future when bitcoin is widely accepted and mainstream. One could then suggest their government to accept BTC. As of now, I dont think it will happen anytime soon.
February 12, 2017, 10:37:38 AM
If it was an option in your country, would you pay your taxes with Bitcoin?
Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?
I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC
Yes of course if that will be implemented that will be very good to a country because most of the people here are so busy so they cant go directly to the office to pay their own taxes if bitcoin will be implemented it will save time and will be convinient to many taxpayers worldwide! Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?
I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC
February 12, 2017, 10:36:11 AM
If it was an option in your country, would you pay your taxes with Bitcoin?
Or would that Iot make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?
I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC
Or would that Iot make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?
I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC
I think we don't need to get ahead of us to that level because you can't place something on nothing but if the we have the case of government coming with that policy in which in I am sure people will comply, then they should also look for way to plug and guide against tax evasion and in which case i dont think there is room for that at all. Then they will have no option than to go the route of self assessment in which compliance is always low in every part of the world...
February 12, 2017, 10:04:08 AM
I wouldn't pay my taxes in bitcoin because bitcoin is more valuable to me than fiat but governments should incorporate bitcoin into their tax payment systems sure, they want money don't they? Bitcoin is money.
February 12, 2017, 10:02:36 AM
No the governments do not want to accept bitcoin for paying the tax because bitcoin is not accepted by the governments and do not regulate it for any of their state affair. You need to continue to pay the tax in your fiat and need to wait for the time when bitcoin will be accepted by the governments.
February 12, 2017, 09:50:29 AM
Paying taxes with BTc will not be feasible at all. Taking into consideration the volatility that is experienced currently, we will be on the lsoing end if we were asked to pay taxes in form btc. This requires a currency which is stable and not prone to volatility the way btc is.
February 12, 2017, 09:46:12 AM
If it was an option in your country, would you pay your taxes with Bitcoin?
Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?
I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC
Or would that not make any sense to you at all, especially if you hold BTC as an asset whose value you hope to see increasing over time...?
I personally pay my taxes with EUR and will probably continue to do so even if I can pay with BTC
Of course I will gladly pay my taxes in bitcoins if this will make me more convinient and will help me to lessen personal presence and do more with my time more productively! I believe if it will be excuted propely many people will pay their tax on time because it will become fully automated
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